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Share Market LIVE: Nifty regains 14,700 during pre-open session, Sensex dances between marginal gains, losses

Share Market Today, Share Market LiveRising bond yields, inflation worries throughout the globe, and the resurgence of coronavirus instances domestically are believed to be troubling the inventory markets.
(Image: REUTERS)

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Bears have taken over Dalal Street with Sensex and Nifty erasing all positive factors made since February 3. Yesterday’s nosedive by Sensex erased 1,145 factors with the benchmark index closing at 49,744 whereas the 50-stock Nifty tanked 306 factors and gave up 14,700 mark. Rising bond yields, inflation worries throughout the globe, and the resurgence of coronavirus instances domestically are believed to be troubling the inventory markets. On Tuesday morning, SGX Nifty was up 70 factors, hinting at a gap-up begin. Some Analysts do consider a aid rally might be within the offing after the huge fall in headline indices.

Mukesh Ambani’s Reliance Industries Ltd (RIL) expects to finish the re-organisation of its oil-to-chemical enterprise by the second quarter of the approaching monetary 12 months. On Monday RIL unveiled a plan which can see the O2C enterprise changing into a wholly-owned subsidiary of RIL. The subsidiary will encompass all refining, advertising and marketing and petrochemical companies. Both Sibur and BP JVs will probably be included within the hived-off subsidiary. The O2C enterprise has additionally been given a mortgage of $25 billion by the mother or father RIL. The agency has stated that the re-organisation will facilitate participation by strategic traders and marquee sector-focused traders. 

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